Elite Analyst Spots $49.7B XRP Volume Explosion and Calls the Bottom
Photo: CaptainAltcoin
XRP may have found a local bottom near $1.25, if the latest on-chain signal flagged by analyst Ali Martinez holds up. Ali pointed to a massive jump in XRP Ledger transaction volume as price hovered around the $1.25 support zone. The total dollar value transferred on-chain reportedly jumped to roughly $49.7 billion, far above the levels seen over the previous several days. The timing is what makes the move interesting. The activity spike appeared as XRP was testing one of its most important short-term support areas, and price has since started to rebound.
Source: CaptainAltcoin
